Overview
What is National Association Of Minority Automobile Dealers?
The National Association of Minority Automobile Dealers (NAMAD) is a 501c3 nonprofit organization situated in Largo, Maryland. Established in 1980, its primary objective is to expand access to opportunities in the automotive industry for ethnic minorities. NAMAD, headquartered at 9475 Lottsford Road Suite 150, operates with a team of three dedicated individuals. The association's mission is to create viable opportunities for minority groups in the field of automobile dealerships, aiming to enhance diversity and inclusivity within the industry.
Official website here: www.namad.org
Is National Association Of Minority Automobile Dealers legitimate?
National Association Of Minority Automobile Dealers is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Association Of Minority Automobile Dealers submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $209,284
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,646
For more financial information, click here
Official website here: www.namad.org
What is the mission statement of National Association Of Minority Automobile Dealers?
The National Association of Minority Automobile Dealers (NAMAD), established as a 501c3 non-profit organization, is dedicated to expanding opportunities for ethnic minorities in the automotive industry. Located in an unspecified location, NAMAD's primary mission is to offer viable prospects for minority individuals in the realm of new automobile dealerships. The organization actively advocates for the growth of ethnic minority dealers in the industry.
Official website here: www.namad.org
Who is the CEO of National Association Of Minority Automobile Dealers?
Damon Lester is the President of National Association Of Minority Automobile Dealers.
Official website here: www.namad.org
What is the revenue of National Association Of Minority Automobile Dealers?
National Association Of Minority Automobile Dealers's revenue in 2022 was $2,803,390.
Official website here: www.namad.org
Who are the executives of National Association Of Minority Automobile Dealers and what are their salaries?
The average compensation at National Association Of Minority Automobile Dealers during 2022 was $118,643. There are 3 employees at National Association Of Minority Automobile Dealers.
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Official website here: www.namad.org
Where can I find the form 990 for National Association Of Minority Automobile Dealers?
National Association Of Minority Automobile Dealers's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.namad.org
Learn more at the official website: www.namad.org
Mission Statement of National Association Of Minority Automobile Dealers
The National Association of Minority Automobile Dealers, established in 1980, serves as a 501c3 non-profit organization with a mission to foster opportunities for ethnic minorities in various sectors of the automotive industry. This association, headquartered in Largo, MD, is dedicated to promoting the growth of minority-owned new automobile dealerships. It strives to provide viable platforms for ethnic minorities to thrive and succeed in this industry, thereby contributing to a more diverse and inclusive automotive landscape.
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Impact
October, 2024
The National Association of Minority Automobile Dealers (NAMAD) significantly impacts the automotive industry by advocating for increased representation and opportunities for ethnic minorities. Founded in 1980, NAMAD works to create pathways for minority dealers, enhancing diversity within the automotive market. This organization plays a crucial role in addressing barriers that minority-owned dealerships face, promoting policies that support their growth, and fostering relationships with manufacturers and financial institutions.
By providing resources, training, and networking opportunities, NAMAD empowers minority entrepreneurs and contributes to the overall vitality of the automotive sector. Their efforts not only help individual dealers succeed but also enrich the industry by promoting diverse perspectives and ideas. Through initiatives aimed at increasing minority representation, NAMAD is essential in driving change and fostering an inclusive environment in the automotive landscape.
This information is meant to be a general summary of National Association Of Minority Automobile Dealers. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $2,803,390
Assets and Liabilities:
- Total Assets: $1,972,184
- Total Liabilities: $59,996
- Net Assets: $1,912,188
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Organization Details
Founding Year
1980
Phone
(301) 306-1614Principal Officer
Damon Lester
Main Address
9475 Lottsford Road Suite 150, Largo, MD, 20774
Website
www.namad.orgNTEE Category
Code: R22 - Civil rights
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